BSMV rate on consumer loans increased

The BSMV rate on consumer loans has been increased to 15 percent The bank and insurance transactions tax (BSMV) rate on consumer loans has been increased to 15 percent. The presidency's decision on the subject was published in the Official Gazette. Accordingly, the BSMV rate, which was applied as 10 percent on interest, commission and fee income to be transferred by banks to the Revenue Administration, has been increased to 15 percent.